Frost Giant
Growth Stage
Real-Time Strategy Returns to PC Gaming
Overview
Raised: $888,612
Total Commitments ($USD)
Platform
StartEngine
Start Date
04/07/2024
Close Date
07/08/2024
Min. Goal
$14,999
Max. Goal
$4,999,992
Min. Investment
$495
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$8.68
Pre-Money Valuation
$150,064,796
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/28/2024
Days Remaining
70
% of Min. Goal
5,924%
% of Max. Goal
18%
Likelihood of Max
Avg. Daily Raise
$42,315
# of Investors
263
Momentum
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Location
Irvine, California
Frost Giant, with a valuation of $150.06 million, is raising funds on StartEngine. It is an independent game-developing company that aims to redefine the PC real-time strategy landscape. Frost Giant is currently developing a next-gen real-time strategy PC game, Stormgate, which is planned for release in the third quarter of 2024. Stormgate is being developed on a groundbreaking proprietary technology, SnowPlay, and will be a truly social game with tournament features and next-generation competition. Tim Morten founded Frost Giant in March 2020. The current crowdfunding campaign has a minimum target of $14,999.04 and a maximum target of $5 million. The campaign proceeds will be used for company employment, marketing, and operating capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,884,063 |
$-10,296,821 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$6,806,364 |
$19,410,743 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$7,428,865 |
$20,053,233 |
|
Short-Term Debt |
$453,626 |
$321,915 |
|
Long-Term Debt |
$114,737 |
$128,321 |
|
Total Liabilities |
$568,363 |
$450,236 |
Financials as of: 04/07/2024
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